Kuhn & Co Investment Counsel purchased a new position in shares of ARK Next Generation Internet ETF (NYSEARCA:ARKW – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,000 shares of the company’s stock, valued at approximately $216,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of ARK Next Generation Internet ETF during the fourth quarter worth approximately $43,000. Eagle Wealth Strategies LLC acquired a new position in ARK Next Generation Internet ETF during the 4th quarter worth $202,000. Strategic Blueprint LLC bought a new position in ARK Next Generation Internet ETF in the 4th quarter valued at $240,000. Waldron Private Wealth LLC acquired a new stake in shares of ARK Next Generation Internet ETF in the 3rd quarter valued at $216,000. Finally, Lam Group Inc. raised its position in shares of ARK Next Generation Internet ETF by 835.4% during the fourth quarter. Lam Group Inc. now owns 3,040 shares of the company’s stock worth $328,000 after acquiring an additional 2,715 shares during the last quarter.
ARK Next Generation Internet ETF Stock Up 1.2 %
ARK Next Generation Internet ETF stock opened at $125.64 on Friday. The business’s 50-day simple moving average is $115.83 and its 200 day simple moving average is $97.57. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 64.77 and a beta of 2.04. ARK Next Generation Internet ETF has a 12-month low of $64.00 and a 12-month high of $126.12.
ARK Next Generation Internet ETF Profile
The ARK Next Generation Internet ETF (ARKW) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund with a broad mandate to invest in companies its managers have identified as benefiting from an infrastructure shift away from hardware and software toward cloud and mobile.
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